All Forum Posts by: Niki Cunningham

Donald, yes I did use a credit card though the YL company insists I ordered the owner occupied. I hadn't considered contacting my credit card company, good idea.

Hi Thanh,

This is from Michael Quarles and what he recently bought for marketing:

Inherited = USLeadlist
NODs = Foreclosureradar
Equity = Listsource
Mortgage Lates = Credit Bureau

Hi Dan,
I too am about to send out some marketing to expireds, so hoping for a better response than I've had for the YLs. As someone who is working on a tight budget it was extremely frustrating to me about what happened with my first yellow letter order. I did speak to someone at the company and I so wish I had a recording of the order because I never would have ordered a list of people who were owner occupied. If I wanted to market to owner occupieds, I could just blanket a neighborhood or zip code, WHY would I purchase such a list????? RIDICULOUS!! The lady I had ordered from also suggested which YL to use saying they using get a 10% response rate. Well, it's been the third week of my 5 week YL campaign of 100 per week and I still have only received 4 total calls from the first week, all telling me thanks but my house is not for sale. At least the people who called were nice. But I did want to post about it to help others who are brand new to list buying and yellow letter buying for them to very careful and KNOW exactly what they are buying. Another thing I would do differently (other than I will not use the same company for my future YL because I also was unhappy about how they responded to me when I realized what my list was), is to get all the yellow letters sent to me so I can mail them out myself when I want and how many I want at a time.

As far as list purchasing goes, I just bought a list from listsource.com for owner absentee as well as some other criteria and am planning to mail marketing pieces to 50 owners at a time every 2 - 3 days. I was able to download my list immediately so I could mail merge it to my marketing pieces. One of my mentors who has been marketing successfully to sellers mentioned to use your list and market to them every 4 - 6 weeks, that being consistent is the name of the game.

I would love to know which list companies you use and what kind of response you get.

I've learned a very expensive lesson: to get my list myself! I placed my first yellow letter campaign with 500 letters, sending out 100 per week. What I thought I was getting was an absentee owner's list for my county. What I actually got was 30 absentee owners out of 500. I'm starting week three of a five week campaign and I've had four calls my first week of owners saying my property isn't for sale. Week two, zero calls. I just got off the phone with the company I used and they said, well next time get all absentee owners because you ordered absentee and owner occupied. From the beginning I knew all I wanted to order was absentee, so I'm not sure what happened...but it will never happen again. The Lesson: I will always get my own list so I know what I'm getting.

Yes Carlos, this is Wonder. I passed on the deal, the numbers weren't working.

Thank you so much John for the input. I agree with you about the middle man. I'll get back to them and see if they can get me pictures and foundation repair estimate.

Gee David, you are so helpful. Does it appear to be a good deal to you if the numbers are accurate?

I got a call today about a tri-plex in Ft. Worth. These are the numbers the "finder" is giving me:
Investor price: $105K
Repairs: $30,000
ARV: $165K
4/2 rents: $900/mo
two 2/1's rents: $600/mo each

What seems fishy to me, the finder is asking for 1% of the final sales price I make with the seller. The seller is a wholesaler and is in the process of purchasing the property.

It seems to me there is one extra person in the this equation....
I would think if I'm paying for a lead that leads me to a deal I close, that lead should be with the actual seller and not another wholesaler if I'm doing all my own negotiations??? What am I missing?

Thanks for your help....

Thanks Will & I "will"....stay active that is. :-)

Thanks Brandon!